Cement News tagged under: Corporate
Gezhouba Group earns US$1.89m03 November 2004, Published under Cement NewsThe Shanghai-listed Gezhouba Group Corporation reported main business revenues of RMB 467.14m (USD 56.42m), with total net profits of RMB 15.62m (USD 1.89m) in the third quarter of 2004. Cement production brought in sales of USD50.66m over this same period. New project work, chemicals and explosives the remainder of its US$56.42m of sales. |
Vicat Posts higher Q3 turnover03 November 2004, Published under Cement NewsFrench building materials supplier Vicat SA posted a Euro 432.56m turnover for the third quarter of 2004, a 10.7 per cent year-on-year increase, it was reported on November 2, 2004. Vicat reported a Euro 1.23bn turnover for the first nine months of 2004, a 10.8 per cent year-on-year increase. |
CRH talks to JP Morgan analysts03 November 2004, Published under Cement NewsReporting from a recent Dublin meeting with JP Morgan analysts, they note that although CRH did not talk about current trading as such, they believe the overall tone was that there probably would not be a significant negative hit from higher costs, particularly for 2004. Firstly, regarding US cement, CRH buys about 3.5Mt per year in the US and cement prices have increased from US$77 at the start of 2004 to US$82 currently. Cement is a major input into ready mix concrete, which CRH sells ... |
Birla back in black03 November 2004, Published under Cement NewsThe Birla Group flagship, Birla Corporation Ltd, is back in black with a net profit of Rs13.38 crore for the quarter to September 30, 2004. The company posted a net loss of Rs8.14 crore during the corresponding period of the previous fiscal. Birla Corporation’s operating profit rose by 287 per cent to Rs26.10 crore during the period. The company’s turnover too went up by 17 per cent to Rs328.33 crore, up from Rs 280.93 crore during the corresponding period of the previous fiscal. Birla Co... |
More gains at Oman Cement02 November 2004, Published under Cement NewsOman Cement has posted a 55 per cent increase in net profit at RO9.67 million for the first nine months of the current year ended September 30, 2004. Bashar Saleh Al Dhahir has resigned from the board of directors of Construction Materials. |
Japan’s Sumitomo Osaka Cement cuts forecast02 November 2004, Published under Cement NewsCement maker Sumitomo Osaka Cement Corp said it has lowered its full year to March 2005 net profit forecast to 4.6bn yen from 5. 5bn due to the adverse impact of surging coal and crude oil prices, which pushed up its procurement costs. Sumitomo Osaka Cement also revised an earlier full year to March 2005 current profit forecast of 9.0 bln yen on revenue of 180.0bn down, to 11.4bn current profit, on revenue of 182.5bn. |
Italcementi Q3 net flat to lower02 November 2004, Published under Cement NewsItalcementi SpA’s third quarter net profit, due Friday, is expected to be flat to lower on the lack of last year’s exceptional gains, and on higher energy costs, analysts said. The net will be less than last year because there are no extraordinaries. Last year there was a Euro32m gain. I don’t expect anything similar this year,’ said a local analyst, who asked not to be named. Higher energy costs will partly offset higher sales, he said, adding that Italcementi could reduce the impact of ... |
Indocement nine months figs down02 November 2004, Published under Cement NewsPT Indocement Tunggal Prakarsa, Indonesia’s second-largest cement maker, Monday said its nine-month net profit fell 74 per cent on year due mainly to foreign exchange losses. Net profit in January-September came to IDR183 billion, down sharply from IDR712 billion a year earlier. Indocement said in a statement it booked IDR264.5 billion in foreign exchange losses during the period, compared with IDR189.7 billion in foreign exchange gains the previous year, due to an 8 per cent drop in the ... |
Cemex acted quickly to cement RMC deal02 November 2004, Published under Cement NewsThe market heard about the deal on September 27 and was excited by its sheer size – reports the UK Banker magazine. Cemex, Mexico’s cement manufacturer, paid no less than $4.1bn in cash for RMC, the British cement producer. The company also assumed RMC’s debt, taking the deal’s value up to $5.8bn. This was the largest cross-border deal ever accomplished by a Mexican company. The terms of the acquisition represent a premium of approximately 39 per cent to RMC’s average price of 615p per share... |
FLS Industries A/S completes sale01 November 2004, Published under Cement NewsThe Danish engineering and building materials group FLS Industries A/S announced on Friday (29 October) that its sale of the cement operations Aalborg Portland and Unicon to the Italian group Cementir had received all official approvals. "The parties have therefore today closed the sale, and the transfer of shares has been effected in accordance with the agreement signed," FLS Industries said. |